Americas Gold and Silver Provides an Update on Filing and Mailing of Meeting Materials in Connection With the Proposed Acquisition of the Remaining 40% Interest in the Galena Complex

Rhea-AI Summary

Americas Gold and Silver (TSX: USA) (NYSE American: USAS) has announced the filing and mailing of Meeting Materials for a special shareholders meeting on December 17, 2024, regarding the proposed acquisition of the remaining 40% interest in the Galena Complex. Due to a Canada Post labour strike, shareholders may face delays in receiving materials before the December 13, 2024 voting deadline. Shareholders can access materials through SEDAR+ or contact Carson Proxy Advisors. The company encourages early voting and provides multiple channels for material access and voting assistance.

Positive

• Potential acquisition of remaining 40% interest in Galena Complex would give company full ownership

Negative

• Postal strike may impact shareholder participation in voting process
• Additional administrative costs related to alternative distribution of meeting materials

Insights

Financial Analyst

The announced special meeting to vote on acquiring the remaining 40% stake in the Galena Complex represents a significant potential expansion of Americas Gold and Silver's asset portfolio. While the meeting announcement itself is procedural, the underlying transaction could materially impact the company's production capacity and revenue potential. The Galena Complex is a significant silver-lead mine in Idaho with historical importance.

The timing coincides with a challenging period for precious metals miners, making strategic consolidation of assets particularly relevant. However, without disclosed transaction terms or valuation details, investors cannot yet fully assess the financial implications. The Canada Post strike's potential impact on shareholder voting adds procedural complexity but shouldn't materially affect the outcome.

TORONTO--(BUSINESS WIRE)-- Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), today announced that it has duly filed and mailed its Notice of Meeting, Information Circular dated November 7, 2024 and form of proxy (collectively, the “Meeting Materials”) in connection with the upcoming special meeting of the shareholders of the Company (“Shareholders”) to be held on December 17, 2024 at 10:00 a.m. (Eastern Time) (the “Meeting”). Shareholders of record as at November 4, 2024 are eligible to vote at the Meeting.

As a result of the Canada Post labour strike, some Shareholders may not receive their Meeting Materials prior to the voting deadline on December 13, 2024 at 10:00 a.m., (Eastern Time). Shareholders will be able obtain a copy of the Meeting Material under the Company's profile on SEDAR+ or by contacting Company’s proxy solicitor, Carson Proxy Advisors, at 1-800-530-5189 or 416-751-2066 or by email at info@carsonproxy.com. The Company is encouraging Shareholders impacted by the Canada Post labour strike to access the Meeting Materials electronically as noted above and to contact their broker or financial intermediary for instructions on how to vote.

Shareholders are encouraged to vote well in advance of the Meeting, in accordance with the instructions set forth in the form of proxy or voting instruction form and in the Information Circular to ensure their vote is received prior to the voting cut off on December 13, 2024, at 10:00 a.m. (Eastern Time).

For assistance in voting your shares or for further information, please contact Carson Proxy Advisors at info@carsonproxy.com, North American toll-free phone 1-800-530-5189, local (collect outside North America) 416-751-2066.

About Americas Gold and Silver Corporation

Americas Gold and Silver Corporation is a high-growth precious metals mining company with multiple assets in North America. The Company owns and operates the Cosalá Operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, USA, and is re-evaluating the Relief Canyon mine in Nevada, USA. The Company also owns the San Felipe development project in Sonora, Mexico. For further information, please see SEDAR+ or www.americas-gold.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241126870265/en/

Stefan Axell

VP, Corporate Development & Communications

Americas Gold and Silver Corporation

416-874-1708

Source: Americas Gold and Silver Corporation

FAQ

When is the special shareholders meeting for Americas Gold and Silver (USAS)?

The special shareholders meeting is scheduled for December 17, 2024, at 10:00 a.m. Eastern Time.

What percentage of Galena Complex is Americas Gold and Silver (USAS) trying to acquire?

Americas Gold and Silver is proposing to acquire the remaining 40% interest in the Galena Complex.

What is the voting deadline for USAS shareholders regarding the Galena Complex acquisition?

The voting deadline is December 13, 2024, at 10:00 a.m. Eastern Time.

How can shareholders access meeting materials due to the Canada Post strike?

Shareholders can access materials through SEDAR+ or by contacting Carson Proxy Advisors at 1-800-530-5189 or info@carsonproxy.com.